💨 Abstract

World share markets plunged on Monday due to U.S. President Trump's statements suggesting tariffs will cover all countries, fueling fears of a global trade war leading to recession. Trump is expected to announce initial tariff levels on Tuesday, followed by auto tariffs. Investors sought safety by buying sovereign bonds and the Japanese yen, pushing gold prices to new highs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖